Pending home sales in Massachusetts climbed 36 percent in June, compared with the same month last year, according to a new report from the Massachusetts Association of Realtors (MAR).
There were 7,316 homes put under agreement in June of this year, compared with 5,349 in June 2014, with median prices of $375,000 and $364,900, respectively. Condominium sales increased to 2,777 in June 2015 from 2,082 in June 2014 – an increase of 33 percent – with the median price dropping to $330,000 from $332,000.
“The summer market is heating up. June was a very active month even with the usual end-of-school activities and graduation celebrations,” MAR President Corinne Fitzgerald, broker/owner of FITZGERALD Real Estate in Greenfield, said in a statement. “Buyers are out there, and they are making offers. Sellers who price their house correctly are benefiting from all this activity and entering into agreements shortly after they are listed.”